INDIANAPOLIS, Ind., (May 24, 1995) - SpeedNet - The comeback of Patrick
Racing in Indy car racing has been given a boost by Pennzoil, which has
joined the team as a major associate sponsor though the 1997 season.

The Firestone-backed car driven by Scott Pruett will bear Pennzoil
identification as early as Sunday's Indianapolis 500. Pruett leads the
PPG IndyCar World Series point standings after four races, and he is
qualified to start eighth in the 79th 500-mile classic.

Thus, three organizations with proud Indy car histories are combining
their efforts.

Car owner Pat Patrick of Jackson, Mich., has fielded teams that have won
three Indy 500s (1973-82-89) and two season championships (1976-89).
Firestone, which has rejoined the competition after a 21-year-layoff,
was the dominant tire company at Indianapolis Motor Speedway from 1911
to 1974 with 48 wins and 44 pole positions.

Pennzoil adds its heritage of five Indy 500 victories (1989-84-85-87-88)
and three Indy car season championships (1980-85-87) to the Patrick
Racing effort.

"We are pleased to reach this agreement with Pennzoil," said team owner
Patrick. "Pennzoil has been a major player in this sport for a long
time. Its support will provide a significant boost to our team. With
Pennzoil coming on board, we feel we have solidified our position as a
leading contender for the series championship, this year and in the
future."

This move gives Pennzoil another strong bid for victory in this week's
race, the world's largest single-day sporting event, and in the
championship point derby. Pennzoil is the major backer of Jim Hall's
Pennzoil Special, driven by sensational rookie Gil de Ferran. De Ferran
will start on the seventh row for this year's Indy 500.

"This is a very good move for our company, joining forces with the point
leader in the PPG Indy Car World Series," declared William E. Welcher,
group vice-president, Pennzoil Products Company. "We have joined a
successful partnership, with all of the principals -- Patrick, Firestone
and Pennzoil -- bringing a heritage of success to the party. What
Patrick Racing and Firestone have done in such a short time this year is
remarkable, and we are proud to add whatever we can to their future
success."

U.E. (Pat) Patrick, CEO of Patrick Petroleum, has spent 23 years in the
sport. He left a significant mark on Indy car racing in 1978 when he
and Roger Penske led other car owners in the formation of Championship
Auto Racing Teams. CART, now known as IndyCar, took over sanctioning of
all Indy car races except for the Indianapolis 500.

In 1986 he made a bold and historic move when he formed the American
Racing Series, now known as Indy Lights, which has provided a successful
development race circuit to develop new talent for Indy car racing among
drivers, mechanics, engineers, designers and car owners.